PNUT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against KuCoin−0.160%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$586as in the Funding arb table

Net, price: spread back to 7d avg − costs−$585as in the Price arb table

costs, in and out, $10k−$5775.774% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.160%, 7d avg −0.087%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PNUTUSDTM	0.05640	0.0280	pay 0.0140% / 4h	3h 40m	$1.1M	$130K	30x
Short	Bybit PNUTUSDT	0.05631	0.0100	get 0.0050% / 4h	3h 40m	$2.6M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$37.8
Price spread: −0.160% → −0.087%: −$7.25
Slippage, 4 orders: −$554.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$622.47
Costs to cover: 5.774%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	9.76 bp	293.8 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.66 bp	35.7 bp −$36	425.1 bp −$4,251	doesn't fit	doesn't fit

PNUT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PNUTUSD	−0.0202%	1h	0.05638	−0.033%	$24K	$13K	10x	as long as short
Deribit PNUT_USDC-PERPETUAL	0.0000%	1h	0.05638	−0.035%	$4	—	10x	as long as short
BloFin PNUT-USDT	+0.0078%	4h	0.05630	−0.177%	$288K	$25K	50x	as long as short
Aster PNUTUSDT	+0.0100%	4h	0.05632	−0.147%	$3K	$19K	5x	as long as short
Binance PNUTUSDT	+0.0100%	4h	0.05637	−0.053%	$5.4M	$9.6M	50x	as long as short
Bybit PNUTUSDTshort	+0.0100%	4h	0.05631	−0.160%	$2.6M	$1.3M	50x
OKX PNUT-USDT-SWAP	+0.0100%	4h	0.05629	−0.195%	$1.7M	$5.5M	20x	as long as short
Gate PNUT_USDT	+0.0100%	4h	0.05632	−0.142%	$866K	$1.1M	50x	as long as short
MEXC PNUT_USDT	+0.0100%	4h	0.05637	−0.053%	$1.2M	$370K	100x	as long as short
Bitget PNUTUSDT	+0.0100%	4h	0.05631	−0.160%	$795K	$1.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PNUT-USDT	+0.0100%	4h	0.05633	−0.124%	—	$6.6M	—	as long as short
Variational Omni PNUT	+0.0100%	4h	0.05629	−0.193%	$32	$3K	—	as long as short
Extended PNUT-USD	+0.0104%	1h	0.05636	−0.078%	$7K	$149K	5x	as long as short
KuCoin PNUTUSDTMlong	+0.0280%	4h	0.05640	long leg	$1.1M	$130K	30x
Hyperliquid PNUT	+0.0784%	1h	0.05650	+0.177%	$1.6M	$479K	3x	as long as short
Coinbase International PNUT-PERP-INTX	+0.1072%	1h	0.05677	+0.656%	$360K	$55K	50x	as long as short